Angus takes out £1.5m loan to pay for clean-up costs
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
“I love it because it is not oil”, the head of Angus Energy said of his new gas asset in Lincolnshire.
Angus Energy’s plans to test the flow of oil at its well at Balcombe in West Sussex are now open for public comment.
A radio programme which claimed it would to set the record straight about reporting of 2013 anti-fracking protests in Balcombe has itself attracted “many complaints” about accuracy and bias.
Angus Energy has confirmed that it will be applying next month for consent to carry out an extended well test at the Balcombe oil site in West Sussex.
Cuadrilla saw profits drop by a third in 2018, according to annual accounts published this week.
Angus Energy could have avoided another planning application for its extended well test at Balcombe in West Sussex, the company admitted this evening.
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
Angus Energy announced this afternoon it was seeking permission for a 24-month extended production test at its Balcombe oil exploration well in West Sussex.
Angus Energy is expected to return to its West Sussex oil site at Balcombe next week, according to the parish council.